561-281-6656
1551 Forum Pl, West Palm Beach, FL for Sale
Apartments - FOR SALE
1/11
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1551 Forum Pl
West Palm Beach, FL 33401


OVERVIEW

Opportunity to acquire a 238-unit waterfront multifamily development with Site Plan approval and permit ready CDs in West Palm Beach with 60 WFH Units @ 100% AMI. The Project hard cost should range from $58-$60.0M based on recent cost estimates from prominent local construction companies. Forum Place received Concept Approval for a HUD 221 d.4 construction loan in December 2024. Forum Place will be an eight-story mid-rise multifamily situated on 3.74 acres in the Palm Beach Lakes section of West Palm Beach. 238-units of tunnel-form, category 5 hurricane rated units, 383-parking spaces, 86 storage lockers, a waterfront location on Lake Mangonia with views of Clearlake, connection to a public right of way extension of the Turquoise Necklace bicycle and walking paths to Downtown. Visit the Property Website for additional information or to obtain an offering memorandum: http://www.ForumPlaceMultifamily.com

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

238

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forum Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.78 AC

LAND SF

164,859 SF

ZONING

-

APN/PARCEL ID

74-43-43-17-05-003-0070

ASK ABOUT THIS PROPERTY

Bastian SchauerColliersMore Info
561-281-6656

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Bastian SchauerColliersMore Info
561-281-6656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.